Syndicated Bank Loan Market Summary – Week Ending 3/19/21
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Syndicated Bank Loan Market Summary: Week Ending 3/19/21
Our newsletter presents key trends derived from observable Syndicated Bank Loan pricing data over a weekly period.
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 3/12/21 – 3/19/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 5,450 | ENVISION HEALTHCARE TL B | 0.39% | 86.00 | 85.67 | 16 |
| 2 | 5,100 | CHANGE HEALTHCARE TL B | -0.22% | 99.82 | 100.04 | 12 |
| 3 | 5,000 | QWEST CORPORATION TL B | -0.75% | 98.55 | 99.30 | 11 |
| 4 | 4,750 | ZAYO TL | -0.34% | 99.15 | 99.49 | 17 |
| 5 | 4,700 | CAESARS RESORT COLLECTION TL B | -0.58% | 98.15 | 98.72 | 14 |
| 6 | 4,581 | VALUE-BASED TL B | -0.14% | 100.09 | 100.24 | 10 |
| 7 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | -0.11% | 99.74 | 99.85 | 13 |
| 8 | 4,475 | UNIVISION TL C5 | -0.54% | 99.24 | 99.78 | 12 |
| 9 | 4,197 | AKZONOBEL TL B | -0.45% | 98.80 | 99.25 | 11 |
| 10 | 3,582 | MISYS TL B | -0.42% | 97.91 | 98.33 | 15 |
| 11 | 3,575 | STARS GROUP TL B | -0.07% | 100.21 | 100.28 | 15 |
| 12 | 3,524 | TRANSDIGM INC. TL F | -0.29% | 98.25 | 98.54 | 14 |
| 13 | 3,515 | LIFEPOINT HOSPITALS TL B | -0.24% | 99.68 | 99.92 | 13 |
| 14 | 3,500 | AMERICAN AIRLINES TL B | 0.49% | 102.52 | 102.02 | 10 |
| 15 | 3,338 | ASURION TL B6 | -0.08% | 99.78 | 99.85 | 10 |
| 16 | 3,325 | CINEWORLD TL B | 0.37% | 85.03 | 84.72 | 14 |
| 17 | 3,315 | REYNOLDS GROUP HOLDINGS LIMITED TL B | 0.00% | 99.75 | 99.75 | 10 |
| 18 | 3,312 | HUB INTL LTD TL B | -0.14% | 98.67 | 98.81 | 18 |
| 19 | 3,300 | SINCLAIR BROADCAST GROUP INC. TL B | 3.01% | 71.95 | 69.85 | 12 |
| 20 | 3,300 | NTL CABLE PLC TL N | -0.34% | 98.85 | 99.20 | 14 |
| AVERAGE | 4,020 | -0.02% | 96.61 | 96.68 | 13.1 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 3/12/21 – 3/19/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | FIELDWOOD ENERGY TL | 15.58% | 35.06 | 30.33 |
| 2 | SUNSOURCE 2ND LIEN TL | 8.53% | 90.45 | 83.34 |
| 3 | ISAGENIX TL | 6.93% | 74.34 | 69.52 |
| 4 | EXELA TL B | 6.66% | 38.03 | 35.66 |
| 5 | JC PENNEY EXIT TL | 4.39% | 93.05 | 89.14 |
| 6 | BIOPLAN TL | 3.80% | 83.51 | 80.45 |
| 7 | GULF FINANCE TL | 3.68% | 79.73 | 76.90 |
| 8 | CHECKERS TL | 3.45% | 93.28 | 90.17 |
| 9 | ANCHOR GLASS TL B | 3.42% | 87.93 | 85.02 |
| 10 | SINCLAIR BROADCAST GROUP INC. TL B | 3.01% | 71.95 | 69.85 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 3/12/21 – 3/19/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | PEABODY ENERGY TL B | -6.00% | 37.41 | 39.80 |
| 2 | IMAGINA MEDIA AUDIOVISUAL SL 2ND LIEN EUR TL | -4.53% | 78.72 | 82.46 |
| 3 | GENUINE FINANCIAL TL | -3.24% | 95.61 | 98.81 |
| 4 | MITEL NETWORKS TL | -1.96% | 89.56 | 91.35 |
| 5 | TELESAT TL B | -1.50% | 96.63 | 98.10 |
| 6 | SIRVA WORLDWIDE TL | -1.14% | 92.09 | 93.16 |
| 7 | WEST CORP TL B | -1.09% | 97.16 | 98.23 |
| 8 | RENTPATH TL | -1.09% | 88.19 | 89.16 |
| 9 | COLORADO BUYER TL | -1.04% | 96.03 | 97.05 |
| 10 | EXACTECH TL B | -0.92% | 96.58 | 97.48 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 3/12/21 – 3/19/21 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Sentiment
Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) between 3/12/21 – 3/19/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 3/12/21 vs. the week ending 3/19/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | HUB INTL LTD TL B | 80 | 118 | 38 | 48% |
| 2 | RCN GRANDE TL B | 64 | 101 | 37 | 58% |
| 3 | HILLMAN GROUP TL B | 0 | 34 | 34 | NA |
| 4 | DELL TL B | 47 | 79 | 32 | 68% |
| 5 | REALPAGE TL B | 34 | 66 | 32 | 94% |
| 6 | NASCAR TL B | 44 | 76 | 32 | 73% |
| 7 | SEDGWICK TL B2 | 40 | 70 | 30 | 75% |
| 8 | DAE AVIATION TL | 50 | 80 | 30 | 60% |
| 9 | AI SIRONA LUXEMBOURG ACQUISITION SARL EUR TL B | 20 | 50 | 30 | 150% |
| 10 | ARISTOCRAT TL B | 24 | 54 | 30 | 125% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 3/12/21 – 3/19/21
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | BIOGROUP DD EUR TL B | 19 |
| 2 | TELENET EUR TL | 19 |
| 3 | SIGMA BIDCO EUR TL B1 | 19 |
| 4 | BANIJAY GROUP EUR TL B | 18 |
| 5 | LUMILEDS TL B | 18 |
| 6 | SYNLAB EUR TL B5 | 18 |
| 7 | ELSAN GROUPE EUR TL B | 18 |
| 8 | HUB INTL LTD TL B | 18 |
| 9 | CEVA SANTE ANIMALE EUR TL B | 18 |
| 10 | TECHEM EUR TL B4 | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 3/12/21 – 3/19/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 3/12/21 – 3/19/21 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Stay up-to-date with weekly summaries.
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